Fullerton Fund Management Co Ltd. Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

by · The Cerbat Gem

Fullerton Fund Management Co Ltd. boosted its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 539.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 263,436 shares of the exchange traded fund’s stock after acquiring an additional 222,266 shares during the period. Invesco QQQ accounts for approximately 6.8% of Fullerton Fund Management Co Ltd.’s portfolio, making the stock its 2nd largest holding. Fullerton Fund Management Co Ltd.’s holdings in Invesco QQQ were worth $97,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ironwood Wealth Management LLC. increased its position in shares of Invesco QQQ by 7.4% during the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock valued at $1,996,000 after buying an additional 381 shares during the period. Axiom Financial Strategies LLC increased its position in shares of Invesco QQQ by 11.6% in the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 85 shares during the last quarter. Roundview Capital LLC increased its position in shares of Invesco QQQ by 0.9% in the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after purchasing an additional 495 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Invesco QQQ by 11.2% in the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after purchasing an additional 278 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of Invesco QQQ by 309.2% in the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after purchasing an additional 337 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.1 %

Shares of QQQ stock traded up $0.45 during trading on Wednesday, hitting $387.74. The company had a trading volume of 13,326,708 shares, compared to its average volume of 52,890,840. The stock’s 50-day moving average is $370.48 and its two-hundred day moving average is $367.43. Invesco QQQ has a 52 week low of $259.73 and a 52 week high of $394.14.

Invesco QQQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, September 19th were paid a $0.5389 dividend. This represents a $2.16 annualized dividend and a yield of 0.56%. The ex-dividend date was Monday, September 18th.

Invesco QQQ Company Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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